Archive for: Ben Traynor

Momentum in Gold Unlikely to Come Back Until New Year

Momentum in Gold Unlikely to Come Back Until New Year

FIRDAY morning saw the gold price drop below $1700 an ounce again, while stock markets, commodities and the Euro all fell ahead of the final US nonfarm payrolls release of 2012. Accrding to several sources the consensus forecast among analysts... read more »

 

Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

Euro Holding Gains Despite France Downgrade, Indian Banks Banned from Lending for Gold Purchases

SPOT MARKET prices for buying gold traded above $1730 an ounce throughout Tuesday morning in London, up 1% for the week so far, while the Euro also held onto gains made yesterday despite news that a second ratings agency this year has downgraded... read more »

 

Importers of Gold Digesting Higher Prices

Importers of Gold Digesting Higher Prices

SPOT MARKET gold prices hovered just below $1738 an ounce Monday morning in London, close to three-week highs, while stocks and commodities were broadly flat and the Euro traded near two-month lows against the Dollar, as the US and Greece both... read more »

 

Gold Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

Gold  Above Long-Term Uptrend and Any US Election Reaction Likely to be Short-Lived

SPOT MARKET gold bullion prices rallied above $1680 an ounce Monday morning in London, having earlier fallen to a nine-week low, while stock markets edged lower and US Treasury bonds gained, with one day to go before the US presidential election. The... read more »

 

Institutions Losing Enthusiasm for Gold

Institutions Losing Enthusiasm for Gold

SPOT MARKET gold bullion prices fell towards $1740 per ounce Thursday lunchtime in London, 0.8% down on the week so far, while most European stock indexes also ticked lower ahead of today’s European leaders’ summit in Brussels. “While... read more »

 

Bullion Prices Should Break Higher After Consolidation Period

Bullion Prices Should Break Higher After Consolidation Period

SPOT MARKET gold bullion prices traded around $1765 an ounce Tuesday morning in London, 1.8% off last Friday’s seven-month high. “It looks to me like we’ve got a short period of consolidation,” says Standard Chartered... read more »

 

Central Bank Policy Hugely Bullish for Commodities

Central Bank Policy Hugely Bullish for Commodities

THE WHOLESALE cost of buying gold dipped below $1770 an ounce during Monday morning trading in London, but remained less than ten Dollars below their six-month high hit last Friday, the day after the US Federal Reserve announced a third round... read more »

 

QE3 Could Push Gold Over $1800, But Disappointment Factor Seen as High

QE3 Could Push Gold Over $1800, But Disappointment Factor Seen as High

WHOLESALE MARKET gold prices traded around $1730 an ounce Thursday morning in London, a few Dollars below where they started the week, while stock markets ticked lower ahead of today’s policy announcement by the US Federal Reserve. Silver... read more »

 

Gold & Silver Slip But Set to Benefit If Fed Begins QE3

Gold & Silver Slip But Set to Benefit If Fed Begins QE3

THE WHOLESALE gold price drifted lower to $1730 per ounce Monday morning in London, some ten Dollars below Friday’s six-month high. Stock markets were broadly flat and US Treasuries fell, meantime. The silver price dipped below $33.50... read more »

 

Bernanke Disappointment Could See Gold Correct

Bernanke Disappointment Could See Gold Correct

WHOLESALE gold prices dipped below $1665 an ounce during Wednesday morning’s London trading, slightly below where they started the week, while stock markets also edged lower, with markets focused on upcoming meetings of central bankers... read more »

 

Quiet Gold Market Needs Big Bang

Quiet Gold Market Needs Big Bang

SPOT MARKET gold prices traded above $1610 an ounce Tuesday morning in London before falling back, slightly below where they started the week, while European markets edged higher following news of better-than-expected German economic growth. Silver... read more »

 

Bullion Market “Marking Time” Until Federal Reserve Symposium, Euro Currency “Does Not Need Saving”

Bullion Market “Marking Time” Until Federal Reserve Symposium, Euro Currency “Does Not Need Saving”

U.S. DOLLAR gold prices traded slightly lower Friday morning in London, hovering around $1610 an ounce for most of the session, as stock markets also edged lower and US Treasuries gained, after trade data from China provided further signs... read more »

 

Gold Seeks “Foothold Above $1600″, China Stimulus “Likely to be Positive for Gold”

Gold Seeks “Foothold Above $1600″, China Stimulus “Likely to be Positive for Gold”

London Gold Market Report from Ben Traynor BullionVault Thursday 9 August 2012 WHOLESALE MARKET prices to buy gold bullion hovered in a tight range around $1615 an ounce for much of Thursday morning in London – marginally above where they... read more »

 

Gold Investors Waiting for Signal

Gold Investors Waiting for Signal

WHOLESALE quoted prices for gold bullion fell below $1620 an ounce during Monday morning’s London session – slightly below last week’s close – while stocks gained and US Treasuries fell, with markets focused on key monetary... read more »

 

Dollar Danger Threatens Gold – Euro Hits 2-Yr Low

Dollar Danger Threatens Gold –  Euro Hits 2-Yr Low

WHOLESALE gold bullion prices fell to $1569 an ounce during Monday morning’s London trading – 0.9% off Friday’s close – as stocks, commodities and the Euro also traded lower and US Treasuries gained, following news that two... read more »

 

Gold Saddled with Uncertainty Over QE

Gold Saddled with Uncertainty Over QE

WHOLESALE MARKET gold prices ticked lower Wednesday morning in London, dropping below $1580 an ounce, while stock markets and commodities were broadly flat and US Treasuries gained, as markets continued to digest yesterday’s testimony... read more »

 

Gold “Alternating Between Up and Down Weeks”, More QE “Appropriate” for US Economy

Gold “Alternating Between Up and Down Weeks”, More QE “Appropriate” for US Economy

By Ben Traynor – BullionVault U.S. DOLLAR gold prices held above $1580 an ounce Monday morning in London – broadly in line with last week’s close – while major European stock markets were broadly flat on the day, with the exception... read more »

 

Gold In Sideways Range Ahead of European Summit

Gold In Sideways Range Ahead of European Summit

WHOLESALE MARKET gold bullion prices dropped below $1570 an ounce during Monday morning’s London session, though they remain broadly in line with where they ended last week, with markets focused on this week’s European leaders’... read more »

 

Liquidation Could Send Silver Down to $18

Liquidation Could Send Silver Down to $18

By Ben Traynor – BullionVault  Euro Weakness “Contributing to Gold’s Fall”, Lagarde “Throws the Gauntlet Down” to Merkel WHOLESALE MARKET gold prices traded as low as $1560 an ounce Friday morning, before... read more »

 

London Gold Market Report

London Gold Market Report

FOMC “Influencing Gold More Than Eurozone”, Extending Operation Twist “May Not Be Sufficient”, Spanish Borrowing Costs Soar The silver price traded in a tight range just below $29 an ounce – 1.7% up on Monday’s... read more »

 
 
 
 
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